The global market is rapidly expanding, and the application of silicon carbide power grid is experiencing a growth of billions

According to the Yole report, the global silicon carbide power device market is expected to grow from $1.09 billion in 2021 to $6.297 billion in 2027, with an average annual compound growth rate of 34%. The main driving forces behind this include:

electric vehicle

5G communication

smart grid

Photovoltaic energy storage

Industrial Automation

Especially in China, there is a huge difference in the distribution of new energy resources and electricity loads, and the demand for silicon carbide in the power grid is accelerating. In the future, the power grid industry will become a "new blue ocean" for the silicon carbide industry!